MLchartDataset catalogue

Limited payment life insurance

Term · Insurance and risk management · MLC-T-INS-002022

A type of whole life insurance where premiums are paid for a specified period, such as 10, 20 years, or until a certain age, after which no further premiums are due. The policy remains in force for the insured's entire life, providing a death benefit. The face amount of the policy is paid out upon the death of the insured.

Table 1. Record
IdentifierMLC-T-INS-002022
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-002022",
  "term": "Limited payment life insurance",
  "field": "Insurance and risk management",
  "definition": "A type of whole life insurance where premiums are paid for a specified period, such as 10, 20 years, or until a certain age, after which no further premiums are due. The policy remains in force for the insured's entire life, providing a death benefit. The face amount of the policy is paid out upon the death of the insured.",
  "url": "https://mlchart.com/terminology/insurance/limited-payment-life-insurance/"
}

Record 1,974 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.